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Brad Garlinghouse, the CEO of Ripple, used Twitter to refute recent explosive allegations made by the website Crypto Leaks, which specializes in stories about corruption and fraud in the cryptocurrency industry.

A report from Crypto Leaks that included a number of quick films from an unidentified source was released on Friday. According to the article, Ava Labs and the law firm made a deal in private to "target and harm crypto companies" using the American legal system in "gangster style."

Ripple CEO Brad Garlinghouse on the SEC's XRP lawsuit - Protocol
Brad Garlinghouse


The CEO of Ripple, Brad Garlinghouse, allegedly paid a law firm to pursue rival companies, according to the same source. According to the story, Roche, who established Roche Freedman, formerly worked for Boies Schiller Flexner, a company that was supporting Ripple in its legal battle with the US Securities and Exchange Commission (SEC).

According to reports, Roche approached Garlinghouse about funding a law firm that would file litigation against rival crypto companies that were quite comparable to those Ripple was dealing with at the time. Kyle also asserted that Garlinhouse accepted his offer.

Kyle Roche wasn't saved from the SEC, regardless of why Brad Garlinghouse supported him and invested in him along his current course.

The CEO of Ripple responded to any accusations on Twitter by stating that he has "never met or spoken to (much less invested in) Kyle Roche."

The latest slew of charges made by Crypto Leaks against Ava Labs and Brad Garlinhouse caused quite a stir in the cryptocurrency community, even though both CEOs of the company have vehemently denied any ties to Kyle Roche and his legal team.

The Ripple and XRP communities were quick to defend the company's CEO, with one user pointing out the weakness in Crypto Leaks' justification. The user emphasized that Kyle's words served as the foundation for the claims, which were then presented as facts without supporting evidence.

Chris Larsen, co-founder and executive chairman of Ripple, was notoriously involved in the effort to change the Bitcoin code, while Garlinghouse denied financing in a law firm that targets rivals.

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